Diamondback Energy Inc.

Diamondback Energy Inc. , today announced that it plans to release second quarter 2024 financial results on August 5, 2024 after the market closes. In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2024 on Tuesday, August 6, 2024 at 8:00 a.m. CT. Access to the webcast, and replay which will be available [...]

Strategic Acquisition Expands Deep Blue's Footprint in the Midland Basin Deep Blue Midland Basin LLC , a joint venture between Diamondback Energy and Five Point Energy LLC , announced today it has acquired Lagoon Operating - Midland, LLC . This strategic acquisition further solidifies Deep Blue's position as a key player in sustainable water management in the core of the Midland Basin. The Lagoon assets are located [...]

Diamondback Energy Inc. today announced the sale of WTG Midstream Holdings LLC to Energy Transfer LP resulting in total pre-tax consideration net to Diamondback of approximately $375 million, subject to customary closing conditions and adjustments. Consideration for the transaction will consist of a mix of cash and ET common units. The transaction is expected to close in the third quarter of 2024. Diamondback, through its [...]

Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter. The first quarter of 2024 was a great start of the year for [...]

Diamondback Energy Inc. today announced financial and operating results for the first quarter ended March 31, 2024. FIRST QUARTER 2024 HIGHLIGHTS Average production of 273.3 MBO/d Net cash provided by operating activities of $1.3 billion; Operating Cash Flow Before Working Capital Changes of $1.4 billion Cash capital expenditures of $609 million Free Cash Flow of $791 million Declared Q1 2024 base cash dividend of $0.90 [...]

Diamondback Energy Inc. today announced that its stockholders have approved the issuance of shares of Diamondback common stock in connection with the proposed business combination with Endeavor Energy Resources, L.P. . Additionally, Diamondback stockholders approved a proposal to amend the Company's certificate of incorporation to increase the authorized number of shares of Diamondback common stock. The final voting [...]

Diamondback Energy Inc. announced today that it has priced an offering of $850,000,000 in aggregate principal amount of 5.200% senior notes that will mature on April 18, 2027 , $850,000,000 in aggregate principal amount of 5.150% senior notes that will mature on January 30, 2030 , $1,300,000,000 in aggregate principal amount of 5.400% senior notes that will mature on April 18, 2034 , $1,500,000,000 in aggregate principal [...]

Diamondback Energy Inc. , today announced that it plans to release first quarter 2024 financial results on April 30, 2024 after the market closes. In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the first quarter of 2024 on Wednesday, May 1, 2024 at 8:00 a.m. CT. Access to the webcast, and replay which will be available [...]

Diamondback Energy Inc. today announced a series of leadership appointments and promotions, effective immediately. Al Barkmann, currently Senior Vice President of Reservoir Engineering, has been promoted to Executive Vice President and Chief Engineer. Mr. Barkmann's additional responsibilities will be to oversee all of the technical aspects of the business, including reservoir engineering, geology, and corporate planning [...]

Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter. The fourth quarter of 2023 rounded out a great year for [...]